Carrer alternatives analysis report Case Study Example | Topics and Well Written Essays - 2750 words

Carrer alternatives analysis report - Case Study Example cheat prospects 11 profit 12 Actuarial profession 13 Job responsibilities of an Actuary 13 Working Conditions 14 Educational qualification 14 Licenses and other qualifications 15 Job prospects 15 Salary 16 Recommendations and Conclusion 16 References 18 Executive Summary The role and scope of a pay professional in the enter economic contains includes pricing of new products, price classification, forecasting challenges and issues in the operating environment, planning strategic moves, estimating the size and extent of loss distribution, establishing loss reserves, monitoring solvency, astute premium levels, and assessing the credibility of projects and transactions. The existing business environment has presented the organizations with numerous complexities that act as constraints in implementing new policies and strategies while at the same time presenting increase opportunities to expand and grow. The exposure to risk has increased manifolds that require efficient models for rating and assessing the feasibility of operations (beanactuary.com, 2009). The report provides an in-depth assessment of two c areer alternatives Finance dominance and Actuaries. Introduction A career in finance and accounting is gaining popularity. In any company or an organization the study of the numbers or finance is the most crucial and important decision. This is used to gauge what and where the company is heading to. This guides the management to take further actions pertaining to the interest of the company. The study of the market, investment plans, investment brokers etc are some of the arrear which a person foundation opt for in the landing field of finance. The increasing range of products and services offered by financial services today and the growing complexity of the operating... According to the research findings the role and demand of the financial controllers and the actuaries is a continuous process. Th e job seekers are likely to face competition in the field of accounting. For the financial controller, the knowledge of finance, a complex financial instrument etc is a mandate and for the Actuarial a strong foundation in mathematics is essential. twain the roles are of utmost importance to a company or an organization. The difference is the nature of work. A financial controller is expected to regulate, guide the financial condition of an organization. An Actuarial helps the companies to develop health and long term insurance policies by their calculations and predictions. A Finance Controller will help the company by work out and evaluating the numbers obtained and by predicting the performance based on these measurements. An Actuarial helps both the company and the consumer as it keeps a check on the number of the occurrence of a disease and helps the companies by calculating the premium based on which the company itself can survive even in any odd situation. The emerging multi plication that are characterized by tough economic conditions and financial challenges will witness an increasing demand for actuaries. Monetary and fiscal policies are highly instrumental in regulating the countrys economy and creating market stability. The impact of these changes on the Actuarial profession is visible in the increasing demand for individual practitioners and consultants who can provide adequate support to organizations and managers in the decision making process.